Episode 2 – We took some big risks! Relied on my family and Christian Beliefs. Inventory is King!
3 Strategies from Leaders that Thrived
- We took some big risks!
The adage is as true as ever, “No risk, no reward!” During challenging times, the luxury of taking time to make calculated risks shrinks and experience takes over.
Several of the leaders I spoke to benefitted greatly from jumping on opportunities immediately such as buying material that was stranded and couldn’t get through the export portal, buying a stranded piece of new equipment or making that hire of someone that was just outplaced.
I saw firsthand companies thrive because they stayed mentally tough and kept their team on track ever single day. As a result, as other companies were out of production, they kept winning new business.
So, stay in the game!
2. I relied heavily on my family and Christian Beliefs.
This topic resonated with me. I see this as THE reason I personally go to work along with most of my best contacts in the market. We work for our families. We work to bring glory to God. We work because of Him.
My personal beliefs in Jesus Christ carried me through this difficult time along with many, many challendging times before and after.
No Jesus, No peace. Know Jesus, Know Peace!
3. Inventory is King!
If you had material during the lockdown, you were in business. If you were running lean, well, you had extra free time.
This is one thing that many said they would never forget. Keeping an eye on ample inventory supply was indelibly etched in the minds of so many small manufacturers. These are people that feed last from the trough when force majeure is declared.
So, stock up!
As a reminder, this is where these comments originated.
Lockdown 2020
Just as the lockdown occurred in 2020, I reached out to leaders in my network and asked them several strategic questions. I did this as a hedge against falling into the void for myself and possibly for them if it served that purpose.
The responses were obviously shaded with fear and concern, as well as toughmindedness that ended up enabling most of them to survive and even thrive during the lockdown.
How did you make it and thrive?
Then, when the dust seemed to settle in 2022, I went back to those same leaders and asked them how they survived the apocalypse. The responses are a treasure chest of business counsel that stands the test of time in good times or bad.
The following are a few comments from these leaders after the apocalypse…which didn’t really happen, especially the way the media portrayed it. The world did not end, but unfortunately there was plenty of collateral damage and lives lost.